The relative interior of the base polyhedron and the core |
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Authors: | Jingang Zhao |
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Affiliation: | (1) Department of Economics, Iowa State University, 260 Heady Hall, Ames, IA 50011–1070, USA (e-mail: jingang@econ.iastate.edu) , US |
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Abstract: | Summary. This note provides two necessary and sufficient conditions for the relative interior of the core (and the base polyhedron) to be non-empty: (i) the second largest excess of the prenucleolus is negative; (ii) the grand coalition's payoff is greater than the minimum no-blocking payoff. Such conditions imply an intuitive method in proving core existence, they also imply results on the sensitivity of the base polyhedron and the core. Received: June 25, 1999; revised version: May 8, 2000 |
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Keywords: | and Phrases:Base polyhedron Core Minimum no-blocking payoff Nucleolus Sensitivity analysis. |
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